Pakistan, April 14 -- Pakistan is exploring a plan to import 10% of its crude oil and petrol from the United States. This move aims to reduce tariff impacts, balance trade deficits, and support growing exports that recently reached $6 billion. Official sources from the Ministry of Energy reported on these developments.
The proposal comes after the US imposed a 29% tariff on Pakistan, alongside a 10% baseline tariff. Fortunately, the Trump administration has temporarily suspended these tariffs for 90 days, which opens doors for negotiations. The Pakistani government has consulted with refineries and oil marketing companies before finalizing this proposal.
Next, the Economic Coordination Committee (ECC) will review the proposal. Officials...
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